Volkswagen AG Unsponsored ADR (VWAGY)
Volkswagen to make added investments in United States, CFO says at Davos
Volkswagen will need to make additional investments in the United States to hit its target of doubling market share in the country, its CFO Arno Antlitz said on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland on Thursday.
Volkswagen says 6% margin target for brand realistic in medium term, analyst says
Volkswagen told investors on Wednesday that its target of a 6% margin on the VW passenger car brand was now more realistic in the "medium term", according to a note by Bernstein Research, after the German carmaker previously aimed to hit a 6.5% margin by 2026.
Volkswagen seeks new era in Germany with old methods
For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers, according to details disclosed by company sources.
Volkswagen looks forward to working with U.S. gov't amid tariff concerns, spokesperson says
Volkswagen is looking forward to working with the new U.S. administration, the German carmaker said on Tuesday, and stressed the importance of dialogue amid concerns about the impact of tariffs proposed by President Donald Trump.
Volkswagen looking to deepen partnership with U.S. EV maker Rivian, Spiegel reports
Volkswagen is considering ways to deepen its partnership with U.S. electric car maker Rivian, the German company's CEO told Spiegel magazine in comments published on Friday.
Exclusive: Chinese buyers interested in unwanted German Volkswagen factories, source says
Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen's sites , a person with knowledge of Chinese government thinking told Reuters.
Volkswagen CFO: after cost-cutting deal, productivity must go up
Volkswagen's chief financial officer said in comments to investors seen by Reuters on Wednesday that the next step to making its German plants competitive was to improve productivity, increasing the number of cars produced per worker.
VW's Skoda Auto posts 6.9% rise in 2024 deliveries
Global deliveries for Czech carmaker Skoda Auto, part of the Volkswagen Group , rose by 6.9% in 2024, to 926,600 vehicles, boosted by rising sales in Europe as other markets drop, the company said on Wednesday.
Volkswagen sales drop in tough year at home and in China
Volkswagen's unit sales fell by 2.3% in 2024 to just over nine million vehicles, the carmaker reported on Tuesday, after a challenging year in its two key markets of Germany and China.
Volkswagen brand deliveries fall 1.4% in 2024
The Volkswagen brand's global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe's top carmaker said on Thursday.
Scout has more than 50,000 reservations for upcoming EVs as VW aims to grow U.S. share
Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, Volkswagen CEO Oliver Blume said. Volkswagen, which revived the old American brand, said Scout is part of its plan to grow its market share in the U.S.
VW managers to take combined 300-mln-euro pay cut, reports local newspaper
Volkswagen's management will take pay cuts adding up to over 300 million euros ($310.08 million) by 2030, according to comments by VW human resources board member Gunnar Kilian to local paper Braunschweiger Zeitung published on Wednesday.
